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    Industrial Productions Rises On Utility Production Only, Manufacturing Shrinks, Inflation Expectations Rise, Retail Sales Collapse

    April 14, 2023
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    Industrial production unexpectedly rose in March but ALL of the increase was due to utility production of energy as temperatures cooled during the month. Inflation expectations rose in the out months as consumers realize inflation is not fleeting and permanent under Biden. Retail sales collapses as the recession approaches.

    Export Price Index (MoM)(Mar) printed at -0.3% vs -0.1% consensus estimate.

    Export Price Index (YoY)(Mar) printed at -4.8% vs -4.2% estimate.

    Import Price Index (MoM)(Mar) printed at -0.6% vs -0.1% estimate.

    Import Price Index (YoY)(Mar) printed at -4.6% vs -3.7% estimate.

    Retail Sales (MoM)(Mar) printed at -1% vs -0.4% estimate.

    Retail Sales Control Group(Mar) printed at -0.3 vs 0.6% estimate.

    Retail Sales ex Autos (MoM)(Mar) printed at -0.8% vs -0.3% estimate.

    Capacity Utilization(Mar) printed at 79.8% vs 79% estimate.

    Industrial Production (MoM)(Mar) printed at 0.4% vs 0.2% estimate.

    Business Inventories(Feb) printed at 0.2% vs 0.3% estimate.

    Michigan Consumer Sentiment Index(Apr) PREL printed at 63.5 vs 62 estimate.

    UoM 5-year Consumer Inflation Expectation(Apr) PREL printed at 2.9%.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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